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LEASES (Tables) | 12 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Lease, Cost | The components of lease expense for the fiscal years ended September 30, 2024 and 2023 are as follows (in millions):
|  |  | Fiscal Years Ended September 30,
| Classification |  | 2024 |  | 2023
Operating lease cost | Cost of sales or selling and administrative expenses |  | $ | 22 |  |  | $ | 21 |
Finance lease cost: |  |  |  |  |
Amortization of leased assets | Cost of sales |  | 12 |  |  | 9 |
Interest on lease liabilities | Interest expense-net |  | 16 |  |  | 13 |
Total lease cost |  |  | $ | 50 |  |  | $ | 43 |
Schedule of Cash Flow, Supplemental Disclosures | Supplemental cash flow information related to leases for the fiscal years ended September 30, 2024 and 2023 is as follows (in millions):
|  | Fiscal Years Ended September 30,
|  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash outflows from operating leases |  | $ | 21 |  |  | $ | 21 |
Operating cash outflows from finance leases |  | 14 |  |  | 10 |
Financing cash outflows from finance leases |  | 6 |  |  | 5 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |
Operating leases |  | $ | 21 |  |  | $ | 17 |
Financing leases |  | 83 |  |  | 48 |
Operating Leases, Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases is as follows (in millions):
| Classification |  | September 30, 2024 |  | September 30, 2023
Operating Leases |  |  |  |  |
Operating lease right-of-use assets | Other non-current assets |  | $ | 61 |  |  | $ | 64 |
Current operating lease liabilities | Accrued and other current liabilities |  | 19 |  |  | 16 |
Long-term operating lease liabilities | Other non-current liabilities |  | 43 |  |  | 51 |
Total operating lease liabilities |  |  | $ | 62 |  |  | $ | 67 |
Finance Leases |  |  |  |  |
Finance lease right-of-use assets, net | Property, plant and equipment-net |  | $ | 252 |  |  | $ | 176 |
Current finance lease liabilities | Current portion of long-term debt |  | 6 |  |  | 5 |
Long-term finance lease liabilities | Long-term debt |  | 256 |  |  | 188 |
Total finance lease liabilities |  |  | $ | 262 |  |  | $ | 193 |
Leases, Weighted-Average Term and Discount Rate Remaining | As of September 30, 2024, the Company has the following remaining lease term and weighted average discount rates:
Weighted-average remaining lease term |
Operating leases | 5.4 years
Finance leases | 21.0 years
Weighted-average discount rate |
Operating leases | 6.1%
Finance leases | 7.0%
Finance Lease, Liability, Maturity | Maturities of lease liabilities at September 30, 2024 are as follows (in millions):
| Operating Leases |  | Finance Leases
2025 | $ | 22 |  |  | $ | 20 |
2026 | 16 |  |  | 21 |
2027 | 12 |  |  | 22 |
2028 | 7 |  |  | 23 |
2029 | 5 |  |  | 23 |
Thereafter | 13 |  |  | 432 |
Total future minimum lease payments | 75 |  |  | 541 |
Less: imputed interest | 13 |  |  | 279 |
Present value of lease liabilities reported | $ | 62 |  |  | $ | 262 |
Lessee, Operating Lease, Liability, Maturity | Maturities of lease liabilities at September 30, 2024 are as follows (in millions):
| Operating Leases |  | Finance Leases
2025 | $ | 22 |  |  | $ | 20 |
2026 | 16 |  |  | 21 |
2027 | 12 |  |  | 22 |
2028 | 7 |  |  | 23 |
2029 | 5 |  |  | 23 |
Thereafter | 13 |  |  | 432 |
Total future minimum lease payments | 75 |  |  | 541 |
Less: imputed interest | 13 |  |  | 279 |
Present value of lease liabilities reported | $ | 62 |  |  | $ | 262 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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